Streetbeat News

Corporate Responsibility

AEP

AMZN

EXC

FDIS

NNE

ONLN

Amazon is exploring nuclear energy to meet its growing energy needs, as indicated by a job posting for a Principal Nuclear Engineer. This move follows a $650 million deal with Talen Energy for a data center campus powered by nuclear energy. The decision has sparked controversy, with utility companies AEP and Exelon objecting to the arrangement. Amazon's nuclear ambitions highlight its commitment to clean energy but also raise regulatory concerns.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2024 | 3:45 pm

Boeing's Space segment chief, Ted Colbert, has resigned amid issues with the Starliner spacecraft, which failed to return astronauts from the ISS. The division has reported significant losses, impacting Boeing's stock performance.

Portfolio Pulse from Anan Ashraf

September 21, 2024 | 5:14 am

AMZN

JPM

JPMorgan CEO Jamie Dimon has called for federal employees in Washington, DC, to return to their offices, expressing frustration over empty buildings. This highlights the ongoing debate over remote work policies. Amazon CEO Andy Jassy also announced a return to office policy for Amazon employees.

Portfolio Pulse from Navdeep Yadav

September 21, 2024 | 1:16 am

DIS

NKE

SBUX

UBS

Nike has appointed Elliott Hill as its new CEO, continuing the trend of 'Boomerang CEOs' where former executives return to lead companies. This trend is also seen in companies like Disney, Starbucks, Under Armour, and UBS. Nike's stock rose 6.41% following the announcement.

Portfolio Pulse from Michael Juliano

September 20, 2024 | 8:07 pm

DJT

Former President Donald Trump's ownership of Trump Media & Technology Group (NASDAQ:DJT) raises ethics concerns ahead of the 2024 election. Potential conflicts of interest arise from his control over the media company, especially if he returns to the White House. The stock is down 6.7% to $13.70, hitting new lows post-SPAC merger.

Portfolio Pulse from Chris Katje

September 20, 2024 | 7:21 pm

AAL

The Transport Workers Union of America has announced a tentative two-year contract extension with American Airlines for AMTs, fleet service workers, and ground mechanics. This extension will take effect on January 1, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 7:06 pm

MSFT

Microsoft is ending its Xbox Ambassadors program after 13 years, with a complete shutdown by October 15, 2024. The program's closure is part of a shift in community engagement strategies, focusing on Xbox Rewards and Xbox Research. This comes amid a challenging year for Microsoft Gaming, marked by layoffs and studio closures.

Portfolio Pulse from Franca Quarneti

September 20, 2024 | 7:06 pm

NKE

Nike has announced Elliot Hill as the new CEO, which is seen as a positive move by analysts due to his extensive experience with the company. Analysts have mixed ratings on Nike, with some seeing potential for growth and others cautioning about the challenges ahead. The stock has risen 6% following the announcement.

Portfolio Pulse from Chris Katje

September 20, 2024 | 6:54 pm

BNGE

DIS

Walt Disney Company has appointed Jared Bush as Chief Creative Officer of Walt Disney Animation Studios, while Jennifer Lee steps back to focus on the Frozen franchise. The Frozen series is crucial for Disney, having grossed billions globally. Disney's stock has gained over 13% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 5:51 pm

ALB

DOW

HON

OXY

The U.S. Department of Energy (DOE) is investing over $3 billion in 25 projects across 14 states to enhance domestic battery production. This initiative is part of a broader strategy to support clean energy and create jobs, with significant funding allocated to companies like Albemarle, Dow, Honeywell, and Occidental Petroleum.

Portfolio Pulse from Lekha Gupta

September 20, 2024 | 5:24 pm